The Technology Bear Market
There can be no doubt that Bitcoin has been caught up in the technology selloff. At its heart, Bitcoin is an internet stock.
ByteFolio publishes a model crypto portfolio weekly, along with news, research and commentary.
There can be no doubt that Bitcoin has been caught up in the technology selloff. At its heart, Bitcoin is an internet stock.
ByteFolio Issue 194; 💡This issue covers HyperLiquid (HYPE). Bitcoin’s ByteTrend Score stays at 1. There is still no new
Bitcoin’s ByteTrend Score has dropped back to a 1. There is no new low yet, but this is clearly a setback.
It’s a good time to remind ourselves that Bitcoin is not the poor cousin in this historically strong environment in the precious metals rally.
Over Christmas, Ethereum has started to reassert itself. It is now outperforming Bitcoin with a ByteTrend Score of 5 in BTC.
Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.